Last time we looked at a long gap trade on WTI and Brent Crude Oil and look what happened.
On WTI the gap was filled and, at resistance, we saw a pullback to $58.
The stochastic oscillator is oversold and turning up.
We see huge jumps in Gold and silver on the 1-hour and shorter time frames.
The stochastic oscillator is overbought but we will wait for confirmation of a reversal before going short.
The reason for the jump in gold and silver was a sudden fall in USD like this price action on GBPUSD.
We see price approaching the upper trend line and we are waiting for our technicals to indicate a reversal.
I encourage you to check other USD charts like this one on AUDUSD.
We expect a major announcement on trade from the White House and news media expect it to be a trade deal between the US and the UK.
Let’s see.
Meanwhile, the S&P 500 is still bullish with price action bouncing off the lower trend line.
If that is the case, keep an eye on the FTSE 100.
Most of the UK's FTSE100 companies derive their income outside of the UK so a trade deal will help.
Price action is on a pullback and the stochastic oscillator was oversold and had turned up.
Keep an eye on GBP Pairs as well as we are expecting a lowering of interest rates today.
This may affect what we see on GBPUSD or the rate cut may already be priced in.
作者：Brad Alexander，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发